Bancor Ethereal Virtual Hackathon Prizes Announced
Bancor is excited to partner with Consensys on Ethereal Summit Tel Aviv on September 15th, as well as the Ethereal Blocks Virtual Hackathon taking place August 28th — September 11th.
Over $50,000 in prizes are up for grabs, with over $5,000 in prizes being awarded to the best projects built using the Bancor Protocol.
Check out Bancor’s challenges below and Register Here for the hackathon.
Challenge 1 — Towards Decentralized Liquidity
The decentralized liquidity pool is among the most exciting innovations to emerge in the DeFi ecosystem. Everyday users are now incentivized to store their idle assets in smart contracts designed to algorithmically pool liquidity and perform non-custodial token conversions that generate fees for liquidity providers.
Liquidity pools fundamentally alter how liquidity is networked and incentivized — but they are still in their early stages of development.
The Bancor Protocol Foundation challenges developers to build tools that advance and optimize pool-driven liquidity and lower the technical barriers to creating, contributing liquidity to and transacting with Bancor liquidity pools, known as Bancor Relays.
In particular, the Bancor Protocol Foundation is interested in seeing developers build:
- Tools for users to track the ROI of every Bancor Relay over time
- Tools for users to create new Bancor Relays and contribute liquidity to existing Bancor Relays
- Solutions that minimize the gas costs of Bancor Relays
- Solutions that mitigate front-running of transactions processed by on-chain liquidity pools
- Tools that optimize the profitability of Bancor Relays
Submission Requirements:
- Eligible projects must utilize Bancor’s Ethereum smart contracts, as well as Bancor’s Network Token, BNT, or some derivative of it.
- Bancor Ethereum Smart Contract Documentation: https://docs.bancorfoundation.org/
- Github: https://github.com/bancorprotocol/contracts
Submission Deadline: 11:59pm Eastern on September 11th.
Register for Challenge 1 on Gitcoin here.
Challenge 2 — Blockchain Conversion Widget
Bancor is a decentralized liquidity protocol that provides tokens with constant liquidity. The protocol is made up of a series of smart contracts which are designed to pool liquidity and instantly fulfill non-custodial token-to-token conversions in a single transaction. More than 150 tokens are integrated with the Bancor Protocol across 11,000+ trading pairs including ETH, EOS, DAI, BAT & OMG.
Bancor’s core development team previously deployed an embeddable token conversion widget utilizing Bancor’s APIs. The Bancor Protocol Foundation challenges developers to build a better UI — one that interacts directly with the blockchain and can be easily integrated and customized by third-party developers to embed automated token conversions (and/or token creation) into their applications.
Submission Requirements:
- Eligible projects must utilize Bancor’s Ethereum smart contracts.
- Bancor Ethereum Smart Contract Documentation: https://docs.bancorfoundation.org/
- Projects should not utilize the Bancor API; rather, the widget should interact directly with the Ethereum blockchain.
Submission Deadline: 11:59pm Eastern on September 11th.
Register for Challenge 2 on Gitcoin here.
About The Bancor Protocol
Bancor is an on-chain liquidity protocol revolutionizing the way people create and share value by enabling constant convertibility between tokens. Conversions via Bancor Protocol are executed against on-chain liquidity pools using automated market makers to price and process transactions without order books or counterparties, allowing for faster, cheaper and more predictable conversions across 11,000+ ERC20 and EOS token pairs, including non-custodial conversions between blockchains.
How to get involved with Bancor
- Add your token to the Bancor Protocol.
- Stake liquidity on the Bancor Protocol
- Build a dApp with the Bancor APIs.
- Support us on social media.
- Join our team. We have new positions posting all the time.
